Thread List
First Page Previous Page Page 83 / 291 Next Page Last Page
Subject#Latest
4 03.11.10
11 02.11.10
1 02.11.10
3 02.11.10
13 01.11.10
4 01.11.10
6 01.11.10
6 01.11.10
2 31.10.10
10 30.10.10
1 30.10.10
1 29.10.10
3 29.10.10
5 29.10.10
10 29.10.10
10 29.10.10
3 29.10.10
8 29.10.10
11 28.10.10
7 28.10.10
1 28.10.10
21 28.10.10
7 28.10.10
32 28.10.10
7 28.10.10
7 28.10.10
8 28.10.10
2 27.10.10
31 27.10.10
8 27.10.10
5 26.10.10
1 26.10.10
6 26.10.10
10 26.10.10
2 26.10.10
8 26.10.10
3 26.10.10
4 26.10.10
14 26.10.10
10 26.10.10
1 25.10.10
15 25.10.10
9 25.10.10
4 25.10.10
4 25.10.10
1 25.10.10
2 23.10.10
23 23.10.10
8 22.10.10
2 22.10.10
First Page Previous Page Page 83 / 291 Next Page Last Page

Retention Bonus

 
#1 Retention Bonus
27/10/2010 10:48

Worried

I am considering going (back) into consulting, but have a slight financial problem: a retention bonus.

If I leave my company, I will have to pay back around £20k worth of bonuses due to the clawback clauses my company put in place (don't get me started).

I would be equivalent to manager / senior manager i.e. expecting around £75k salary - however, I don't have the capital to buy-out my bonus.

So my questions: How likely is is that an employer would give me a 'welcome bonus' or similar to help manage the transition? Which firms would be more likely to do this? And how would you suggest I go about approaching the subject with them?

Thanks in advance!

Reply  Quote   
 
#2 RE: Retention Bonus
28/10/2010 16:33

anon to Worried (#1)

Sell yourself first, once they have bought that they will talk terms. You can then explain your situation.

You will however need to consider that you are in a competitive situation against other candidates adn that you might have to consider taking a loan to bridge the gap.

You might get a lawyer to look over your exit clauses too.

Reply  Quote   
 
#3 RE: Retention Bonus
29/10/2010 13:41

Anon to anon (#2)

Interesting question, and a connundrum more people may start to face as they are becoming more common now that the banks are being forced to use them.

Accenture are reasonably well known for giving a sign-on bonus - this would help mitigate. I'm not sure what kind of payments people receive however - someone else may be able to shed light on this for you?

Reply  Quote   
 
#4 RE: Retention Bonus
29/10/2010 15:01

ex-ACNer to Anon (#3)

ACN typically only give signing-on bonuses to Grads at Analyst level. Believe it is split over 2 years and has clauses that claw back if the individual leaves under a certain time...

Reply  Quote   
 
#5 RE: Retention Bonus
29/10/2010 15:11

Anon 3 to ex-ACNer (#4)

I know someone that went in at C3 and got a 'sign-on' bonus, didn't ask how much it was though.

Reply  Quote   

Top of Page

ThreadID: 68128

Advertise
Your Jobs!